The Panyu 10-2/5/8 project located in the Pearl River Mouth Basin of the South China Sea has commenced production, CNOOC Ltd. said in a news release.
This project includes three oil fields—Panyu 10-2, Panyu 10-5 and Panyu 10-8—and was designed to share some facilities of Panyu 4-2 oil field. The main newly built production facilities include one wellhead platform and nine producing wells. There are currently four wells producing about 9,000 bbl/d, and the project is expected to hit its peak production of about 13,000 bbl/d in 2015.
Panyu 10-2/5/8 is an independent project in which CNOOC holds 100% interest.
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